Ilika (LON:IKA) Trading Up 28.3% – Time to Buy?

Ilika plc (LON:IKA) shares shot up 28.3% during trading on Wednesday . The company traded as high as GBX 35 ($0.44) and last traded at GBX 34.65 ($0.43). 877,951 shares were traded during trading, an increase of 77% from the average session volume of 497,136 shares. The stock had previously closed at GBX 27 ($0.34).

Ilika Trading Up 27.6 %

The business has a 50-day moving average of GBX 22.09 and a 200-day moving average of GBX 22.97. The stock has a market capitalization of £57.62 million, a price-to-earnings ratio of -1,148.13 and a beta of 1.94. The company has a debt-to-equity ratio of 3.07, a quick ratio of 15.43 and a current ratio of 7.86.

Ilika (LON:IKA) last issued its quarterly earnings data on Tuesday, January 21st. The company reported GBX (0.01) ($0.00) earnings per share for the quarter. Ilika had a negative net margin of 230.24% and a negative return on equity of 21.33%. As a group, research analysts forecast that Ilika plc will post -5.0199998 EPS for the current year.

About Ilika

Ilika plc (LON: IKA) is a pioneer in solid state battery technology with their innovative Stereax micro batteries designed for Industrial IoT and MedTech markets, and their Goliath large format batteries for the electric vehicle and consumer electronics markets. Ilika works closely with its ecosystem of partners to provide them with customisable Stereax micro batteries that provide the specific power requirements their IoT or MedTech application requires.